🛑🛑🛑Technical analysis of $FLOKI/USDT (1D)🛑🛑🛑

$FLOKI

Indicators and Levels

  1. Parabolic SAR indicator:

    • The Parabolic SAR points are above the current price, indicating a bearish trend. 📉

  2. Indicator Ishimoku:

    • Kijun-sen (purple line) and Tenkan-sen (blue line): Both lines are above the current price, signaling a bearish trend.

    • Ichimoku Cloud: Price is in the cloud, indicating uncertainty and possible consolidation. 🌥️

    • Chinkou Span (green line): The lag line is below the price chart, confirming the bearish trend.

  3. Moving averages (MA):

    • MA (7) and MA (25): The current price is below both moving averages, indicating a bearish trend. 🐻

  4. Support and resistance levels:

    • Support: Area between $0.00025346 and $0.0002678. The price tested this area several times, which confirms its significance. 🔽

    • Resistance: The area around $0.00028762 where the price has encountered resistance several times. 🔼

Analysis of trends and patterns

  1. Trend line:

    • The chart shows that the price is moving along an ascending trend line, which is a bullish signal. However, breaking this level down may signal the beginning of a correction.

  2. Pattern:

    • An “ascending triangle” pattern is forming, which may indicate a possible continuation of the current upward trend when the resistance level is broken.

Volume and other indicators

  1. Trading volume:

    • Trading volume remains relatively stable, confirming the current trend. 📊

conclusions

  • Short Term: In the short term, FLOKI is showing signs of a bullish trend, but with some signals of uncertainty. It is important to monitor the support level at $0.00025346. If this level is broken, the price may decline to the next support level.

  • Medium-term outlook: To continue growth, the price must remain above the support level of $0.0002678 and break through the resistance level of $0.00028762.

  • Long term: To confirm a long-term bullish trend, we need to watch for an increase in trading volume and a breakout of key resistance levels.

Action plan 📈💼

  • Buy: Consider buying the $0.0002678 support area with a short stop loss below this level. If the price holds above this level and begins to rise, this could be a good entry point.

  • Sell: Selling may be appropriate at the $0.00028762 resistance area if the price fails to break through this level. It is important to monitor trend reversal signals.

  • Caution: Closely monitor trading volume and indicator signals to make informed decisions. A downward break of the ascending trend line may be a signal to exit the position.

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